Home >web3.0 >What currency is POLS? In-depth analysis of POLS currency prospects and value

What currency is POLS? In-depth analysis of POLS currency prospects and value

WBOY
WBOYOriginal
2024-06-19 10:36:50365browse

As we all know, with the great success of some projects such as Uniswap and Compound in recent times, DeFi has also become popular. For the entire currency circle, it seems to indicate that the adoption of DeFi solutions has finally arrived. This change can Bringing billions of trading volume to the cryptocurrency market, while centralized exchanges will gain a greater share of it.

The latest price of POLS currency

$ 0.64648 ≈ ¥4.654656

What currency is POLS? In-depth analysis of POLS currency prospects and value

What currency is POLS?

Polkastarter’s native token is POLS, which can also be used as a governance token to pay network fees, which means users must hold POLS tokens if they want to use Polkastarter. Polkastarter is a DEX built for cross-chain token pools and auctions, enabling projects to raise funds in a decentralized and interoperable environment based on Polkadot. With Polkastarter, decentralized projects will be able to raise and trade capital cheaply and quickly. Users will be able to participate in a secure and compliant environment and use assets well beyond the current ERC20 standard.

Polkastarter is a cross-chain DEX protocol on Polkadot. It is built specifically for cross-chain token pools and auctions, allowing decentralized projects to raise and trade funds at low prices and quickly, including auctions. , secure OTC transactions and other aspects. Polkastarter will also have complete KYC integration, and provide cross-chain, priced block transactions and dynamic price auctions, and support digital assets other than commonly used ERC20.

In-depth analysis of POLS currency prospects and value

The biggest difference between Polkastarter and competitors such as Rai.Finance, Polkaswap, Polkadex and Zenlink, which are also Polkadot ecological decentralized exchanges, is It is to optimize the "Initial DEX Product" (IDO) model.

The Minimum Viable Product (MVP) is a fixed price token exchange service Fixed Price Swaps. Each liquidity pool can set a clear price for the token and can also clearly know the token pool. How much return they can get when they sell out, and they can also set other parameters such as the maximum investment limit for a single user, whether a password is required for transactions, add a whitelist, and a few other features.

Currently, user requirements are getting higher and higher, including: low transaction fees, secure and fast exchanges, user-friendly design, and the possibility to buy and sell assets between blockchains. Polkastarter’s killer feature is the ability to create The Polkadot ecosystem offers supported fixed swap pools and cross-chain swaps, which can provide higher throughput, enabling faster and cheaper transactions while maintaining connectivity to the Ethereum network and other blockchains for increased liquidity. The future of decentralized finance will not be tied together, and interoperability has become an essential feature of the future of DeFi.

Polkastarter’s native token is POLS, which can also be used as a governance token to pay network fees, which means users must hold POLS tokens if they want to use Polkastarter. To date, POLS tokens have been used as a means of raising funds for the project, with POLS token staking and liquidity mining opportunities available. The development of this project depends on whether it can stand out in the competition with other Polkadot ecological decentralized exchanges and the promotion of Polkadot ecology, which deserves attention.

The above is the detailed content of What currency is POLS? In-depth analysis of POLS currency prospects and value. For more information, please follow other related articles on the PHP Chinese website!

Statement:
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn